Senior Health Actuary – Hybrid

Actuary III/IV (Health Actuary)

The Health Actuary (Actuary III/IV) performs highly complex and/or advanced actuarial work to support the strategic objectives of the Financial Regulation Division. The work involves providing actuarial advice and consultation and performing actuarial analysis and examination of reserves and other actuarial matters. The holder works under limited or minimal supervision with considerable latitude for initiative and independent judgment.

• Flexible work schedules.
• Work‑life balance.
• 96 hours of accrued vacation a year.
• 96 hours of accrued sick leave a year.
• 20+ holidays every year.
• Career advancement opportunities.
• Free parking.
• 401(k) and 457 programs.
• State of Texas retirement plan with a lifetime annuity through the Employee Retirement System of Texas (ERS).
• Free comprehensive medical insurance for full‑time employees and 50% off premium costs for dependents (state pays the other 50%).
• Optional benefits such as dental, vision, life insurance, and many more.
• Qualified employer for the Federal Public Service Loan Forgiveness Program.

• Performs actuarial examinations of health insurance companies and other related entities and prepares examination reports and work papers.
• Performs reviews of actuarial opinions, supporting actuarial reports, and other related actuarial analysis.
• Provides feedback, coaching, guidance, and technical assistance to others as applicable.
• Progresses toward achieving required actuarial credentials, or completes relevant continuing education, including meeting the minimum requirement to maintain actuarial credentials.
• Performs actuarial analysis as needed for the Financial Regulation Division and the agency.
• Participates in special projects as assigned which may include efforts on rules, legislation, and requirements.
• Performs other duties as assigned.

• Graduation from an accredited four‑year college or university, preferably with a major in statistics, mathematics or actuarial science, insurance, or a related field.

• A minimum of three (3) years of relevant actuarial work experience.
• A Health Actuary without credentials as an Associate of the Society of Actuaries is expected to demonstrate commitment toward achieving associateship by effectively attempting the equivalent of two exam sittings during each 18‑month period and completing the equivalent of one exam during each 18‑month period.

• A minimum of five (4) years of relevant actuarial work experience.
• Associate or Fellow with the Society of Actuaries and a member of the American Academy of Actuaries in good standing, including maintaining required continuing education credits.
• Ability to interpret insurance laws, regulations, requirements, and actuarial guidelines.

This position may be eligible for hybrid telecommuting. Employees must have a secure, dedicated workspace with Internet service, be able to maintain a reliable consistent work schedule, and be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours. A writing sample must be submitted with the application.

• Basic actuarial formulas, methods, procedures, and professional guidance (AOS, Practice Notes, etc.).
• Relevant industry studies and data sources.
• Regulatory requirements for life and health insurance.
• Accounting and auditing principles.
• State laws, rules, procedures, and regulations relevant to job requirements.

• Effectively applying actuarial principles, techniques, and insights.
• Developing, maintaining, and applying actuarial methods and formulas.
• Conceptualizing particular actuarial and statistical methodologies.
• Applying critical thinking to analyze problems and form insightful conclusions.
• Communicating complex subjects in a clear and concise manner.
• Preparing documentation that is clear, concise, accurately describes work performed, and supports conclusions.
• Using Microsoft Office software applications, including Word, Excel, Outlook, Team Mate, Access, and SharePoint.
• Using personal computers sufficient to enter and extract data from…